Is it worth it to pursue a business degree? This is an important question to ponder consider that 22 percent of the 1,650,000 bachelor’s degrees awarded between 2009-2010 were a business degree—over two times the second most sought after degree (social sciences and history). Attending business school presents an excellent opportunity to build future business connections. Successful businesses state that 47 percent of their business comes from effective networking activities.
There’s no doubt the nation has faced some challenging economic times over recent years. When the unemployment rate was at its peak of 9.9 percent, business grad hiring rates remained strong. A little over 92 percent of recent business students, 94.6 percent of experienced business students, and 95.6 percent of business graduate students were employed in 2009-2010. 44 percent of business graduates landed their first job within six months. Also, three of the five most hirable majors are within the business field. They include business, accounting, and economics.
How about salary information? In 2012, starting salaries for business majors grew 2.2 percent from 2011, the highest growth across all majors. Those with a Masters in Business Administration (MBA) can expect to make in the ballpark of $90,000. The top fields planning to hire MBA grads include finance, marketing and sales, general management, and business development. From 2011 to 2012, there was a very strong 24 percent growth in total job opportunities for MBA graduates. Additionally, 79 percent of companies were planning to hire recent MBA graduates in 2012.
Are you considering enrolling in business school? What’s your biggest motivation to do so? Please discuss in the comments and check out the infographic below presented by New England College to learn more about the benefits of a business degree.